transformer

Asset management Stay liquid, be selective, look outside US tech, says TCW CEO

Global financial markets are facing rising volatility and uncertainty this year as the US stock market rally led by Big Tech is losing steam amid co...

Energy Hyosung to double transformer output to conquer US market

MEMPHIS, Tenn. -- South Korea’s major power system and machinery conglomerate Hyosung Heavy Industries Corp. plans to nearly double its annual...

Energy HD Hyundai Electric to invest $274 mn in transformer output ramp-ups

HD Hyundai Electric Co., a South Korean electric power equipment maker, plans to invest about half of its 2024 operating profit, estimated at 720 bi...

Private equity How STIC Investments’ bet on animal fat processor DK O&T paid off

In South Korea, businesses handling livestock by-products have lacked investor appeal. They were usually mom-and-pop businesses and appeared to hold...

Private equity Affinity to transform top Korean car rental firms into mobility service providers

Affinity Equity Partners aims to develop leading South Korean car rental companies into mobility service providers to create additional profitabilit...

Energy LS Electric shares jump on $358mn HVDC transformer order news

LS Electric Co., a South Korean industrial energy facility and systems supplier, is expected to sign a 500 billion won ($358 million) deal with a GE...

Logistics Samsung SDS, Korea Air Force to cooperate on military logistics

South Korea's Samsung SDS Co. said on Tuesday it signed an agreement with the Korea Air Force Headquarters to cooperate on the digital transformatio...

Artificial intelligence Microsoft, KT to invest $1.8 bn in Korea’s AI, infrastructure

Microsoft Corp. and KT Corp. plan to invest 2.4 trillion won ($1.8 billion) in South Korea’s artificial intelligence, cloud and infrastructure...

Electronics LG to invest $762 mn in webOS to transform into platform-based tech giant

LG Electronics Inc., the leading global home appliance maker, plans to invest more than 1 trillion won ($762 million) in its multitasking operating ...

Electronics LG Elec, Ricoh to team up for B2B DX business

LG Electronics Inc. said on Thursday that it signed a memorandum of understanding (MOU) with global office solutions company Ricoh to discover servi...

Electronics HD Hyundai Electric to build 3rd circuit breaker factory

HD Hyundai Electric Co., a South Korean electric power distribution equipment manufacturer, will spend 120 billion won ($89 million) to build its th...

Electronics HD Hyundai Electric wins $50 mn transformer order in Sweden

South Korea's HD Hyundai Electric Co. said in a regulatory filing on Friday that it signed a 66.2 billion won ($49.6 million) contract to supply pow...

Tech, Media & Telecom LG Uplus to support smart city transformation in Hwasun

South Korea’s LG Uplus Corp. announced on Wednesday that it will support the smart city transformation of Hwasun-gun in South Jeolla Province,...

Shipping & Shipbuilding HD Hyundai Marine wins $30 mn LNG-FSU conversion deal

South Korea's HD Hyundai Marine Solution Co. secured its first project to convert a floating storage unit for liquefied natural gas (LNG-FSU).HD Hyu...

Electronics HD Hyundai Electric expands power transformer facility in Alabama

HD Hyundai Electric Co., an energy solution provider under South Korean shipbuilder HD Hyundai, said on Sunday it completed a 12,690-square-meter st...

Earnings LG Electronics posts record Q2 profit, to accelerate transition into AI leader

LG Electronics Inc., a leading South Korean electronics maker, on Thursday posted its highest quarterly operating profit and sales for the April-Jun...

Infrastructure Net zero, digitalization to boost private infrastructure investment

Infrastructure debt is a growing asset class with much to offer investors, with a wide range of assets and characteristics available. AllianzGI mana...

Artificial intelligence SK Telecom accelerates AI push via alliance with more partners

SK Telecom Co., South Korea’s top mobile carrier, is ramping up its artificial intelligence push by bringing more domestic partners into its A...

Corporate restructuring Doosan Robotics to delist, wholly own cash-cow Doosan Bobcat

Doosan Enerbility Co., a leading South Korean power plant engineering company, is handing over its entire 46% stake in machinery affiliate Doosan Bo...

Corporate investment SK Group, led by SK Hynix, to invest $77 billion in AI, chips

SK Group, South Korea’s second-largest conglomerate after Samsung, is investing 106.4 trillion won ($77 billion) in artificial intelligence an...

Corporate strategy Hyundai Glovis to spend $6.5 billion, seek M&As for expansion

Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, said on Friday it will spend 9 trillion won ($6.5 billion) throug...

Hydrogen economy Hyundai to transform Jeonju plant into hydrogen vehicle hub

Hyundai Motor Co., South Korea’s top automaker, will transform its commercial vehicle plant in the country into the manufacturing hub for its ...

Corporate restructuring SK Networks to split off SpeedMate, trade division

South Korea's SK Networks Co. plans to split off its auto management division SpeedMate and its trading unit.The board of directors approved the pla...

Energy Korea’s HD Hyundai Electric wins $60 mn transformer deal in UK

South Korea’s electric equipment maker HD Hyundai Electric Co. said on Wednesday it has won a power transformer supply deal worth 47.1 million...

Corporate strategy SK Innovation’s Ulsan plant goes smarter with AI, robot dog, AR tech

ULSAN, South Gyeongsang Province – At a petrochemical plant run by SK Innovation Co., South Korea’s largest oil refiner, Spot, a robot d...

Artificial intelligence LG Uplus to ramp up AI investment by up to 40% in 2024

SILICON VALLEY – LG Uplus Corp., the third-largest mobile carrier in South Korea seeking to transform into a platform company, will expand its...

Energy Power transformer sales explode on AI boom: HD Hyundai Electric CEO

Cho Seok, chief executive of HD Hyundai Electric Co., is an outsider at Korea Inc.When he was named CEO of the power equipment maker in December 201...

Tech, Media & Telecom LG CNS, Sinar Mas to form JV in Indonesia

LG CNS Co., an information technology service company under South Korean conglomerate LG Group, announced on Thursday that it signed an investment...

Artificial intelligence LG CNS to lead digital transformation at FPT in Vietnam

LG CNS Co., an information technology service company under South Korean conglomerate LG Group, will lead the digital transformation of FPT Group, a...

Shipping & Shipbuilding HD Hyundai speeds up digital transformation with Naver

HD Hyundai Co. announced on Monday that it signed a business agreement with Naver Corp. for digital transformation (DX), cloud transformation, and a...